Macquarie Venture Gets $422 Million U.K. Offshore Wind License
Off Shore Wind Farm Operations
Krisztian Bocsi/BloombergThis article is for subscribers only.
The U.K. energy regulator granted Macquarie Corporate Holdings Pty Ltd. and 3i Infrastructure Plc a license to own and operate a 269 million-pound ($422 million) offshore wind transmission link in the Irish Sea.
The license enables the West of Duddon Sands Transmission Plc venture to manage the electricity link for 20 years, Ofgem said Friday on its website. The link transports power from the 389-megawatt Duddon Sands wind farm to the shore.